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2162d
LN hub owner gives up:
Funds have to be online/hot. Introduces counterparty compared to hardware/paper wallet
Funds are locked in channels. If the other side of the channel is unreachable, you need to wait up to weeks
Nikamoto
replied 2162d
It's the guy from shitcoin.com, not a random hub owner. Actually the capacity of the Lightning Network is going up every week
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Earns nothing. Much less than hosting cost
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It's now clear the LN was nothing but a way to gain time. One of the main concerns which led to choose such a complex solution for "scaling" BTC, while artificially preventing the
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blockchain from scaling, was giving the banks time to build competing services enough time to work on their own products. Now it's easy to forget that the banks were way way behind
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crypto in the first early years. They had to build completely new systems to stay relevant and compete with purely digital money.